Archer signs agreement with Patterson-UTI to lease two high spec drilling rigs for the Vaca Muerta field in Argentina
Bermuda, Jan. 15 -- Archer and Patterson-UTI have entered into an agreement for Archer to rent 2 high spec drilling rigs from Patterson-UTI. These rigs are designed to optimize drilling efficiency in non-conventional fields such as the Vaca Muerta shale formation and will be deployed under Archer's recently announced seven-rig drilling contract with YPF (December 1st, 2025), further strengthening Archer's position as a leading provider of integrated drilling solutions.This agreement enables both organizations to strengthen their presence in the growing Vaca Muerta field, while optimizing resources and offering high-value solutions that not only boost productivity but also enhance operational safety. The shared vision is centered on excellen...
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